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GBP/USD Still Neutral, Waits for a Break of 1.4455 – UOB Analysts at UOB Group have suggested GBP/USD needs to close above the 1.4455/60 band in order to turn bullish in the near term. Key Quotes “As indicated yesterday, despite the rapidly improving momentum, GBP has to close above 1...
Analytics & Forecasts
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Roberto Jacobs, 21 April 2016, 10:59
EUR/USD Rejected at 5-DMA, Back Below 1.13 ahead of ECB The EUR/USD pair turned back lower below 1.13 handle, reversing a spike to daily highs post-European open, as focus now remains on the ECB policy decision due later this session...
Analytics & Forecasts
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Roberto Jacobs, 21 April 2016, 10:56
EUR/USD Focus on 1.1234 – Commerzbank According to Axel Rudolph, Senior Technical Analyst at Commerzbank, the pair could attempt a test of the 1.1230 area, recent lows. Key Quotes “Even though EUR/USD yesterday traded back around the 1...
Analytics & Forecasts
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Roberto Jacobs, 21 April 2016, 10:54
AUD/USD Unable to Build on to its Gains Above 0.7800 Following its recovery from Wednesday's low of 0.7767 to back above 0.7800 mark, in-line with recovery in crude oil prices, the AUD/USD pair remains within a well-established narrow trading range...
Analytics & Forecasts
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Roberto Jacobs, 21 April 2016, 10:52
EUR/SEK Slumps to 2016 Lows Post-Riksbank The Swedish krona is now rapidly appreciating vs. its European peer, dragging EUR/SEK to the 9.1200 area. EUR/SEK lower on Riksbank’s QE The cross met further and increasing selling pressure after the Riksbank left its key interest rate unchanged at 0...
Analytics & Forecasts
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Roberto Jacobs, 21 April 2016, 10:50
Riksbank Begins to Backpedal - ING Rob Carnell, Chief International Economist at ING, notes that the Riksbank has announced purchase of an additional SEK45bn of government bonds over the second half of 2016 - scaling back from the first half while it announced no change to deposit rate at 0...
Analytics & Forecasts
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Roberto Jacobs, 21 April 2016, 10:48
GBP/NZD Recovery Stalls at 2.0600 Handle Following a smart recovery on Wednesday from sub-2.0400 mark to beyond 2.0600 handle, the GBP/NZD pair came off day's peak and on Thursday is trading with marginal gain, holding just below 2.0600 handle. Traders eying 2...
Analytics & Forecasts
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Roberto Jacobs, 21 April 2016, 10:46
Elliott Wave Analysis of EUR/NZD for April 21 - 2016 Wave summary: We are looking for a confirmation that a bottom is in place at 1.6062. A break above minor resistance at 1.6266 will be a good start, but to confirm the low, we need a break above resistance at 1.6499...
Analytics & Forecasts
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Roberto Jacobs, 21 April 2016, 10:03
GBPUSD has traded following our previous forecast and now it is preparing for another bullish run towards new highs. (Refer to our General Forecast). If we observe only the green count, the extension rules tell us that the next target should be ... Read More...
Analytics & Forecasts
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AynGannRand, 21 April 2016, 10:03 #Trading
Elliott Wave Analysis of EUR/JPY for April 21 - 2016 Wave summary: Our preferred count remains that an important bottom was seen at 121.69 and a new impulsive rally to above 149.55 is developing. The rally of the 121.69 low to 124.40 was wave i and wave ii is currently unfolding...
Analytics & Forecasts
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Roberto Jacobs, 21 April 2016, 10:01
Technical analysis of USD/CHF for April 21, 2016 USD/CHF is expected to trade in a higher range as the pair is trading with a bullish bias. The pair posted a strong rebound yesterday, and is now supported by its ascending 20-period and 50-period moving averages...
Analytics & Forecasts
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Roberto Jacobs, 21 April 2016, 09:58
Technical Analysis of NZD/USD for April 21, 2016 NZD/USD is expected to trade with a bearish bias. The pair reversed down and is now trading within a declining channel. Both the 20-period and 50-period moving averages are also turning down, calling for further consolidations...
For many, it is not clear why the dollar and short term US rates found a little stability yesterday...
Analytics & Forecasts
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Batur Asmazoglu, 21 April 2016, 09:52
Technical Analysis of GBP/JPY for April 21, 2016 GBP/JPY is expected to trade with a bullish bias. The pair stays above its support at 123.35 and is consolidating around its 50-period moving average. Meanwhile, the relative strength index stays above 50...
Technical Analysis of USD/CAD for April 21, 2016 General overview for 21/04/2016: Five waves to the downside are present on the chart, so the corrective cycle to the upside should start any time soon...
Technical Analysis of EUR/JPY for April 21, 2016 General overview for 21/04/2016: The wave 5 top seems to be in place but the alternative count suggest it is only the wave 3 top...
GBP/JPY Faces Major Resistance at 158, Break Above Targets 160/162.50 Is Possible Major resistance- 158 Major support -155.75 (Resistance turned into support) The pair has broken minor resistance 157.20 and jumped till 157.87. It is currently trading around 157.45...
Analytics & Forecasts
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Roberto Jacobs, 21 April 2016, 09:30
USD Weakness Appears Temporary – Westpac Richard Franulovich, Strategist at Westpac, expects pullbacks in the greenback to remain shallow...
Analytics & Forecasts
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Roberto Jacobs, 21 April 2016, 09:25
AUD/USD: An 0.80s Flashback? - Westpac Sean Callow, Research Analyst at Westpac, suggests that it is hard to escape a feeling of deja vu on AUD/USD in Q2...
Analytics & Forecasts
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Roberto Jacobs, 21 April 2016, 09:23
EUR/USD a Move to 1.1140 Needs a Break Below 1.1230 – UOB In opinion of analysts at UOB Group, spot needs to break below 1.1230 in order to resume the pullback to the 1.1140 area. Key Quotes “EUR touched a high of 1.1386 yesterday, holding just below the stop-loss for our bearish view at 1.1395”...
Analytics & Forecasts
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Roberto Jacobs, 21 April 2016, 09:20